A Level - Theme 2 Quiz

A Level - Theme 2 Quiz

11th Grade - University

20 Qs

quiz-placeholder

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A Level - Theme 2 Quiz

A Level - Theme 2 Quiz

Assessment

Quiz

Business

11th Grade - University

Practice Problem

Medium

Created by

Conor Sutton

Used 56+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

_____ is the money put into the business by the owners.

Contribution

Overdraft

Capital

Elasticity

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

______ is the profit after tax that is put back into the business and not taken out by the owners.

Net profit

Gross profit

Operating profit

Retained profit

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A _____ allows a business to spend more money than it has is their bank account.

mortgage

bank overdraft

grant

lease

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

No legal difference between the owners and the business =

Unlimited liability

Partial liability

Limited liability

Share capital

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

_____ refers to an asset that may be sold to pay a lender if a loan cannot be repaid.

Debenture

Collateral

Grant

Patent

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which if the following is an example of a cash inflow?

VAT payable

Raw materials

Cash sales

Loan repayments

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

_____ refers to the ability to which a business can pay their debts on time.

Solvency

Liability

Inflation

Extrapolation

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